Retirement plan

AMGEN RETIREMENT AND SAVINGS PLAN

Name: AMGEN INC. - AMGEN RETIREMENT AND SAVINGS PLAN (2015) Form 5500
Creator: AMGEN INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMGEN RETIREMENT AND SAVINGS PLAN, AMGEN INC.

AMGEN INC.EIN 95-3540776Plan #001PY 2015

ONE AMGEN CENTER DRIVE, MS 21-2-A - THOUSAND OAKS, CA 913200000805-447-1000amgen.comLinkedIn10001+ employeesbiotechnology

Prospect flagsHigh feesFailed to provide benefit

Top hat statement on fileNQDC

Filed March 20, 2002 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$4008.8M

-6.8% from 2016

Total participants

16,176

-1.1% from 2016

Average account balance

$247,959

-5.8% from 2016

Annual return

-0.59%

-8.73 pp from 2016

Benchmarks

See 46 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort46 peers

Snapshot2015

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.72B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$342K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

22,574

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$505.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.34%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$432

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Service code 15 · EIN 13-5674085	Recordkeeping	$1,958,926
COLUMBUS CIRCLE INVESTORS1+ years Service code 28 · EIN 06-1404803	Investment Management	$910,093
ROBECO INVESTMENT MANAGEMENT1+ years Filed as: ROBECO INVT MGMT DBA BOSTON PARTNER Service code 28 · EIN 98-0202744	Investment Management	$837,410
CALLAN ASSOCIATES1+ years Filed as: NWQ INVESTMENT MGMT CO. LLC Service code 28 · EIN 47-0875103	Investment Management	$818,417
SANDS CAPITAL MANAGEMENT, LLC1+ years Filed as: SANDS CAPITAL MGMT, LLC Service code 28 · EIN 20-2830751	Investment Management	$746,779
HOTCHKIS & WILEY CAPITAL MANAGEMENT1+ years Filed as: HOTCHKIS AND WILEY CAPITAL MGMT Service code 28 · EIN 95-4871957	Investment Management	$697,794
ALTRINSIC GLOBAL ADVISORS, LLC1+ years Service code 28 · EIN 30-0016268	Investment Management	$537,061
SUSTAINABLE GROWTH ADVISORS1+ years Filed as: SUSTAINABLE GROWTH ADVISERS, LP Service code 28 · EIN 05-0571266	Investment Management	$525,544
MORGAN STANLEY SMITH BARNEY1+ years Filed as: JP MORGAN INVESTMENT MGMT INC. Service code 27 · EIN 13-3200244	Advisory (Plan)	$524,712
NORTHERN TRUST COMPANY1+ years Service code 25 · EIN 36-1561860	Directed Trustee	$469,609

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

Free accounts unlock saves, downloads, and 3-year history.

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H2O

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$9.0M

$905 / participant

Investment mgmt$8M83.0%
Other / not subdivided$2M17.0%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ERNST & YOUNG
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$247,959

$120,005+106.6%

$68,509+261.9%

$67,505+267.3%

Participation rate

99.9%

87.9%+12.0pp

74.7%+25.2pp

71.2%+28.7pp

Annual return

-0.59%

2.25%-2.8pp

8.27%-8.9pp

6.52%-7.1pp

Employer contribution / active EE

$15,277

$4,267+258.0%

$2,278+570.7%

$2,173+603.1%

Participant deferral / active EE

$13,243

$6,452+105.2%

$3,382+291.5%

$3,597+268.2%

Admin fee / account holder

$559

$71+684.2%

$5,275-89.4%

$56+895.6%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Service code 15 · EIN 13-5674085

Recordkeeping

$1,958,926

COLUMBUS CIRCLE INVESTORS1+ years

Service code 28 · EIN 06-1404803

Investment Management

$910,093

ROBECO INVESTMENT MANAGEMENT1+ years

Filed as: ROBECO INVT MGMT DBA BOSTON PARTNER

Service code 28 · EIN 98-0202744

Investment Management

$837,410

CALLAN ASSOCIATES1+ years

Filed as: NWQ INVESTMENT MGMT CO. LLC

Service code 28 · EIN 47-0875103

Investment Management

$818,417

SANDS CAPITAL MANAGEMENT, LLC1+ years

Filed as: SANDS CAPITAL MGMT, LLC

Service code 28 · EIN 20-2830751

Investment Management

$746,779

HOTCHKIS & WILEY CAPITAL MANAGEMENT1+ years

Filed as: HOTCHKIS AND WILEY CAPITAL MGMT

Service code 28 · EIN 95-4871957

Investment Management

$697,794

ALTRINSIC GLOBAL ADVISORS, LLC1+ years

Service code 28 · EIN 30-0016268

Investment Management

$537,061

SUSTAINABLE GROWTH ADVISORS1+ years

Filed as: SUSTAINABLE GROWTH ADVISERS, LP

Service code 28 · EIN 05-0571266

Investment Management

$525,544

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: JP MORGAN INVESTMENT MGMT INC.

Service code 27 · EIN 13-3200244

Advisory (Plan)

$524,712

NORTHERN TRUST COMPANY1+ years

Service code 25 · EIN 36-1561860

Directed Trustee

$469,609

AMGEN RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMGEN RETIREMENT AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion